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$10m of Joyce’s bonus at risk in bid to appease investors

Ayesha de Kretser

Alan Joyce could be paid $23.6 million for his last year at Qantas, but the airline says some $10 million in bonuses for its former chief executive are up in the air as it grapples with shareholder anger and allegations it wrongly sold thousands of tickets on flights it had already decided to cancel.

The airline said an $8.36 million long-term incentive payment could be clawed back at the board’s discretion, while a $2.2 million short-term bonus would not be paid until there was more information about the Australian Competition and Consumer Commission’s claim against the company.

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Ayesha de Kretser is a senior reporter with The Australian Financial Review covering the aviation and tourism sectors. She has previously reported on banking, mining and commodity markets. Connect with Ayesha on Twitter. Email Ayesha at ayesha.dekretser@afr.com.au

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    Original URL: https://www.afr.com/companies/transport/alan-joyce-pay-up-in-the-air-as-qantas-tries-to-please-investors-20230920-p5e691